KF: Prime office prices and rentals to rise in Shanghai in 1Q16
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that it expects prime office prices in Shanghai to rise in 1Q16. Rentals are also expected to rise through the first three months of 2016. Major sales transactions in Shanghai during 4Q15 included Plot 2E5-1 in the CITIC Shipyard Project in Pudong, for USD1,402mn or USD9,275 per square metre, and Manpo International Plaza in Changning, for USD230mn or USD7,222 per square metre. Major leasing transactions included a 61st floor unit in Plaza 66 Tower 1 in Jing’an (555 square metres @USD53.80 per month) and an eighth floor unit in Henderson Metropolitan in Huangpu (1,258 square metres @USD39.80 per month).
Source : KF/ February 2016/Shanghai/OFF